Report
EUR 695.30 For Business Accounts Only

Logan Property Holdings Company Limited: Covenant Quality Post-Sale Snapshot: US$450m 5.25% Senior Notes due 2023

CORPORATES ISSUER IN-DEPTH 25 May 2017 Source Documents: Offering Memorandum (16 May 2017) Peer Group: » Homebuilding See  Snapshot User’s Guide  for terminology, analytical criteria and our ranking of covenant structures. This report contains Moody's analysis of the principal protections and weaknesses of the covenant package of the Notes based on information contained in the Offer
Underlying
Logan Group Co. Ltd.

Logan Property Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the property development, property investment and construction in the People's Republic of China. Co. develops and sells residential properties and retail shops; leases office units and retail shops and constructs office premises and residential buildings. As of Dec 31 2016, Co. had 22 investment properties with a total gross floor area of approx. 460,554 sq. m.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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